CUC Announces Declaration of Dividend on Class A Ordinary Shares

CARIBBEAN UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR
TRADING IN UNITED STATES FUNDS ON THE TORONTOSTOCK EXCHANGE.

GRAND CAYMAN, Cayman Islands, Aug. 15, 2014 /CNW/ - Caribbean Utilities
Company, Ltd. (TSX:CUP.U) ("CUC" or "the Company") announced today that
the Board of Directors has declared a dividend of US$0.165 per Class A
Ordinary Share, or an annualized dividend of US$0.66 per share. The
dividend will be payable September 15, 2014 to shareholders of record
September 2, 2014.

CUC provides electricity to Grand Cayman, Cayman Islands, under a
non-exclusive Electricity Generation Licence expiring in 2029 and an
exclusive Electricity Transmission and Distribution Licence expiring in
2028. Further information is available at www.cuc-cayman.com.

Caribbean Utilities Company, Ltd. ("CUC" or "the Company"), on occasion,
includes forward-looking statements in its media releases, Canadian
securities regulatory authorities filings, shareholder reports and
other communications. Forward-looking statements include statements
that are predictive in nature, depend upon future events or conditions,
or include words such as "expects", "anticipates", "plan", "believes",
"estimates", "intends", "targets", "projects", "forecasts", "schedule",
or negative versions thereof and other similar expressions, or future
or conditional verbs such as "may", "will", "should", "would" and
"could". Forward-looking statements are based on underlying
assumptions and management's beliefs, estimates and opinions, and are
subject to certain risks and uncertainties surrounding future
expectations generally that may cause actual results to vary from
plans, targets and estimates. Such risks and uncertainties include but
are not limited to operational, general economic, market and business
conditions, regulatory developments and weather conditions. CUC
cautions readers that actual results may vary significantly from those
expected should certain risks or uncertainties materialize or should
underlying assumptions prove incorrect. Forward-looking statements are
provided for the purpose of providing information about management's
current expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other
purposes. The Company disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise except as required by law.